EIG Hires De La Rey Venter as CEO of MidOcean Energy
Industry Veteran to Lead EIG-Controlled LNG Company
“LNG is a key enabler of the energy transition and is increasingly a geopolitically strategic energy source,” said R. Blair Thomas, EIG’s Chairman and CEO. “EIG has long been a key capital provider to the sector and has already invested in nine LNG projects, globally, involving both liquefaction and regasification. Adding someone of De la Rey’s caliber to lead MidOcean further demonstrates our commitment to LNG and the energy transition. We welcome De la Rey aboard and are excited about the future that he will help develop for MidOcean.”
Mr. Venter added, “EIG’s vision for MidOcean presents a compelling proposition for a world that will need LNG for a long time to come. We share a strong belief in the important role of LNG, as part of a family of low and no carbon gasses, to help the world transition to a Net Zero future. I look forward to working with the team to build a business of substance, based on EIG’s extensive track record in global LNG, and for this business to have real impact in this highly relevant sector of the global energy industry.”
Mr. Venter first joined Shell in 2002. In addition to his roles as EVP of Integrated Gas Ventures and Global Head of LNG, he has held diverse positions globally, including EVP Upstream Joint Ventures, EVP Gas & Power Africa, and VP Commercial in Qatar. Mr. Venter has also been responsible for Shell’s CCUS and Blue Hydrogen manufacturing themes. Mr. Venter holds an MBA with Honors from IMD in Switzerland, a Bachelor of Commerce degree (Cum Laude) from the Northwest University and an Honors Degree in Finance and Investment Management (Cum Laude) from the University of Johannesburg, both in South Africa.
About EIG
EIG is a leading institutional investor to the global energy and infrastructure sectors with $25.0 billion under management as of March 31, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed $40.1 billion to the energy sector through 380 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
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Website: http://www.eigpartners.com
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This news is a press release provided by EIG Global Energy Partners.